Automotive and Transportation

The global electric bus market is growing at 22.2 GR during the forecast period, with it’s the fleet size anticipated to reach 291.3 thousand units by 2024. The market is driven by supportive government initiatives and mounting alarm about environmental pollution. Different vehicle type including battery electric bus, hybrid electric bus, plug-in hybrid electric bus contributed to the electric bus market size, globally.

Currently, most country has the policy support in the electric bus, like the tax support. The sales price is relative low after the subsidies, so the demand has a high growth rate. The most important technology of the electric bus is in the battery. The battery’s power density is relative low, and it can’t meet the consumer’s demand. And the company who gets the key technology of battery will get an advantage in the electric bus industry. The price is relative high than the price of the traditional bus, but due to the government’s support, the price has a certain decrease.

The top 5 players in each region, with sales, price, revenue and market share from 2018 to 2023, the top players:

Yutong

King Long

Zhong Tong

Nanjing Gold Dragon

BYD

DFAC

CRRC

Foton

ANKAI

Guangtong

Volvo

New Flyer

Daimler

Gillig

Led by China, Asia-Pacific accounted for the highest number of shipments in the global electric bus market in 2018. The Chinese electric bus market is expected to grow significantly, during the forecast period, owing to the increasing urbanization and development of several newly built advanced public transit systems in its smart cities

Split by applications, this report focuses on sales, market share and growth rate in each application, can be divided into